E.B.E. IMMO: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
E.B.E. IMMO
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€36,181
2024 · €26,683+€9,498
Equity
€329,711
2024 · €293,530+€36,181
Cash
-
not filed
Balance sheet total
€4.0m
2024 · €4.2m-€162,530
Largest movements
Assets
- Tangible fixed assets -€207,380
down €207,380 (-5.1%), from €4.1m to €3.9m
of which Land and buildings: -€173,501
Equity and liabilities
- Debts after one year -€253,333
down €253,333 (-8.3%), from €3.1m to €2.8m
- Short-term financial debts +€45,189
up €45,189 (+9.5%), from €474,519 to €519,708
Income statement
- Other operating charges +€16,368
up €16,368 (+95.3%), from €17,175 to €33,543
- Other operating income +€16,343
up €16,343 (+95.3%), from €17,150 to €33,493
- Financial charges -€9,045
down €9,045 (-15.5%), from €58,181 to €49,136
- Turnover +€7,442
up €7,442 (+2.3%), from €319,214 to €326,656
- Taxes +€3,356
up €3,356 (+37.7%), from €8,894 to €12,250
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
€26,683
Turnover
+€7,442
Other operating income
+€16,343
Services and other goods
-€1,216
Depreciation
-€2,393
Other operating charges
-€16,368
Financial charges
+€9,045
Taxes
-€3,356
Result 2025
€36,181
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,160,813 | €3,998,283 | -€162,530 | -3.9% |
| Fixed assets | 21/28 | €4,087,131 | €3,879,751 | -€207,380 | -5.1% |
| Tangible fixed assets | 22/27 | €4,083,976 | €3,876,596 | -€207,380 | -5.1% |
| Land and buildings | 22 | €3,946,952 | €3,773,452 | -€173,501 | -4.4% |
| Plant, machinery and equipment | 23 | €137,024 | €103,144 | -€33,879 | -24.7% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €3,155 | €3,155 | = | 0.0% |
| Other financial fixed assets | 284/8 | €3,155 | €3,155 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €3,155 | €3,155 | = | 0.0% |
| Current assets | 29/58 | €73,682 | €118,532 | +€44,849 | +60.9% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €34,020 | €65,059 | +€31,039 | +91.2% |
| Trade receivables | 40 | €32,915 | €63,954 | +€31,039 | +94.3% |
| Other amounts receivable | 41 | €1,106 | €1,106 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €39,662 | €53,472 | +€13,811 | +34.8% |
| Total equity and liabilities | 10/49 | €4,160,813 | €3,998,283 | -€162,530 | -3.9% |
| Equity | 10/15 | €293,530 | €329,711 | +€36,181 | +12.3% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €25,000 | €25,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,530 | €54,711 | +€36,181 | +195.3% |
| Amounts payable | 17/49 | €3,867,283 | €3,668,572 | -€198,711 | -5.1% |
| Amounts payable after more than one year | 17 | €3,061,111 | €2,807,778 | -€253,333 | -8.3% |
| Financial debts | 170/4 | €3,061,111 | €2,807,778 | -€253,333 | -8.3% |
| Credit institutions | 173 | €3,061,111 | €2,807,778 | -€253,333 | -8.3% |
| Amounts payable within one year | 42/48 | €742,524 | €782,511 | +€39,987 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €253,333 | €253,333 | = | 0.0% |
| Financial debts | 43 | €474,519 | €519,708 | +€45,189 | +9.5% |
| Credit institutions | 430/8 | €474,519 | €519,708 | +€45,189 | +9.5% |
| Trade debts | 44 | €3,923 | €4,171 | +€248 | +6.3% |
| Suppliers | 440/4 | €3,923 | €4,171 | +€248 | +6.3% |
| Taxes, remuneration and social security | 45 | €10,748 | €5,298 | -€5,451 | -50.7% |
| Taxes | 450/3 | €10,748 | €5,298 | -€5,451 | -50.7% |
| Accrued charges and deferred income | 492/3 | €63,648 | €78,283 | +€14,636 | +23.0% |
| Operating income | 70/76A | €336,364 | €360,149 | +€23,785 | +7.1% |
| Turnover | 70 | €319,214 | €326,656 | +€7,442 | +2.3% |
| Other operating income | 74 | €17,150 | €33,493 | +€16,343 | +95.3% |
| Operating charges | 60/66A | €242,605 | €262,582 | +€19,977 | +8.2% |
| Services and other goods | 61 | €20,443 | €21,659 | +€1,216 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €204,987 | €207,380 | +€2,393 | +1.2% |
| Other operating charges | 640/8 | €17,175 | €33,543 | +€16,368 | +95.3% |
| Operating profit (loss) | 9901 | €93,759 | €97,567 | +€3,809 | +4.1% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Other financial income | 752/9 | €0 | - | = | |
| Financial charges | 65/66B | €58,181 | €49,136 | -€9,045 | -15.5% |
| Recurring financial charges | 65 | €58,181 | €49,136 | -€9,045 | -15.5% |
| Debt charges | 650 | €57,569 | €48,336 | -€9,234 | -16.0% |
| Other financial charges | 652/9 | €612 | €801 | +€189 | +30.9% |
| Profit (loss) for the period before taxes | 9903 | €35,577 | €48,431 | +€12,853 | +36.1% |
| Income taxes | 67/77 | €8,894 | €12,250 | +€3,356 | +37.7% |
| Taxes | 670/3 | €8,894 | €12,250 | +€3,356 | +37.7% |
| Profit (loss) for the period | 9904 | €26,683 | €36,181 | +€9,498 | +35.6% |
| Profit (loss) for the period to be appropriated | 9905 | €26,683 | €36,181 | +€9,498 | +35.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.